Tag: Account

The Income Statement, officially referred to as the Statement of Profit or Loss and Other Comprehensive Income under International Financial Reporting Standards (IFRS), is a vital financial report [Read More...]

Here’s a detailed explanation of Equity items on the Balance Sheet as per IFRS: What is Equity? Equity represents the residual interest in an entity's assets after deducting liabilities. It [Read More...]

Here’s a detailed explanation of Liabilities items on the Balance Sheet as per IFRS: Current Liabilities Current Liabilities are obligations the entity expects to settle within one year or the [Read More...]

Here’s a detailed explanation of all Assets items on the Balance Sheet as per IFRS: Current Assets Current Assets are expected to be realized, sold, or consumed within one year or the operating [Read More...]

The Balance Sheet, also known as the Statement of Financial Position, is a financial statement that provides a snapshot of an entity's financial position at a specific point in time. It is structured [Read More...]

Here are 15 essential tips for professional accountants to enhance their expertise and efficiency: Stay Updated with Accounting Standards Regularly keep up with changes in International Financial [Read More...]

Discounted Cash Flow (DCF) is a financial valuation method used to estimate the value of an investment based on its future cash flows. It calculates the present value of expected future cash flows [Read More...]

Free Cash Flow (FCF) is the amount of cash a company has left over after paying for its operating expenses and capital expenditures (Capex). It represents the cash available to the company for paying [Read More...]

A Cash Flow Statement is a financial report that provides a summary of a company's cash inflows and outflows over a specific period, categorized into operating, investing, and financing activities. [Read More...]